FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
BABA Company has 2,000 shares of 5%, P100 par non-cumulative
a. 0
b. 120,000
c. 360,000
d. 480,000
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- View Policies Current Attempt in Progress At December 31, 2020, Sheridan Company has $580,000 of $100 par value, 5%, cumulative preferred stock outstanding and $2,160,000 of $10 par value common stock issued. Sheridan's net income for the year is $482,600. Compute earnings per share of common stock for 2020 under the following independent situations. (Round answers to 2 decimal places, e.g. 1.50.) (a) The dividend to preferred stockholders was declared, and there has been no change in the number of shares of common stock outstanding during the year. (b) The dividend to preferred stockholders was not declared, and 10,000 shares of common treasury stock were held throughout the year. The preferred stock is cumulative. (a) Earnings per share of common stock (b) Earnings per share of common stock eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer %24 %24 (6)arrow_forwardAt December 31, 2018 PT ABC had 300.00O ordinary shares and 10.000 shares of 5%, Rp100 par value cumulative preference shares outstanding. No dividends were declared on either the preference or ordinary shares in 2018 or 2019. On January 30, 2020, prior to the issuance of its financial statements for the year ended December 31, 2019, ABC declared a 100% share dividend on its ordinary shares. Net income for 2019 was Rp950.000. In its 2019 financial statements, ABC's 2019 earnings per share should be: * Rp1,50. Rp3,00. Rp1,58. Rp3,17.arrow_forwardEvaluate the company's perfomance and position using financial ratio analysisarrow_forward
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